Tuesday, Mar 17, 2015

Why don't they just take away the artificial props on housing and fewer people will have Â£1m+ homes?

Cognitive dissonance... It's a bad thing to aspire to own a nice house - large and rising stamp duty penalty. But existing owners are gifted council tax freezes and now the opportunity to pass their unearned gains.
To their credit, the coalition introduced ATED so that offshore owned houses could no longer avoid IHT and CGT, but now they are going to exempt ones that are not enveloped offshore????